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nancy riordan, who's 49 currently looking for work in the tough florida economy. suzanne kidd, a 65-year-old retiree who taught for 30 years in the detroit schools. chastity pellum, a student at the university of central florida training to be a science michael weinbaum is 28, an engineer and self-described social conservative from jacksonville. and charlie adkins, a 56-year- old real estate manager, a former homebuilder who struggled we met in downtown orlando, in the heart of one of the most hotly contested regions, of one of the most hotly contested states in the 2012 election. welcome to you all. thanks for joining us both to watch and to discuss what happened tonight. i want to know if anybody's opinion of either candidate was changed by watching them debate each other for 90 minutes. did anybody see either of the two men in a different way when it was all over? >> i think governor romney, especially by opening with a story of how it was either him or his wife had met someone who was struggling to find a job, had one job, didn't work and happened multiple tim
nancy riordan, who's 49 currently looking for work in the tough florida economy. suzanne kidd, a 65-year-old retiree who taught for 30 years in the detroit schools. chastity pellum, a student at the university of central florida training to be a science michael weinbaum is 28, an engineer and self-described social conservative from jacksonville. and charlie adkins, a 56-year- old real estate manager, a former homebuilder who struggled we met in downtown orlando, in the heart of one of the most...
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also the new series about navigating the economy. how you can make a lot more money if you want to sell a family car. watch. we help double the value after abc >>> a question many people fighting to lose weight may want to ask. am i addicted to food? a new book seeks to answer that question and solve a problem. and abc's juju chang talked about her steps. >> kara admits whit came to food she was powerless. >> i would get wings, waffle fries with cheese and gravy. >> 22 and 316 pounds she decided to go on biggest loser. and lost 155 pounds. but soon, weight came back. she realized she was a food addict. dr. pete's new book describes how food is like a drug. >> how could a cupcake have the same qualities as cocaine. >> a combination of sugary, salty, fatty foods you're secreting lots of dopamine giving you a fantastic feeling of wow this, is wonder oofl for some people, pleasure receptors turn off, for others it keeps wanting more. but the doctor says you can retrain your brain using three m's. mind, mouth, muscles. >> there is one, st
also the new series about navigating the economy. how you can make a lot more money if you want to sell a family car. watch. we help double the value after abc >>> a question many people fighting to lose weight may want to ask. am i addicted to food? a new book seeks to answer that question and solve a problem. and abc's juju chang talked about her steps. >> kara admits whit came to food she was powerless. >> i would get wings, waffle fries with cheese and gravy. >>...
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, you shouldn't raise taxes on anyone. >> now, when the president said that, the economy was growing at 2.3%, the latest quarter was revised downward to 1.3%. the president stuck to his guns in the debate last night, still calling for an increase in taxes on the better off. bret? >> bret: governor romney got into the weeds and he didn't have the chalk board. >> no, he was pretty smooth on this. he was ready. >> all right. thank you. al gore has an explanation for what happened in last night's debate and i promise you, you're probably not going to believe it. that's later. up next a much more serious conscience of the internal debate after the u.s. attack in libya it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it into skillet dishes, for an instant dose of... hell-o! [ female announcer ] get recipes at flavorboost.com. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, yoargeting stocks to trade. well, that's what trade architect's heat maps do.
, you shouldn't raise taxes on anyone. >> now, when the president said that, the economy was growing at 2.3%, the latest quarter was revised downward to 1.3%. the president stuck to his guns in the debate last night, still calling for an increase in taxes on the better off. bret? >> bret: governor romney got into the weeds and he didn't have the chalk board. >> no, he was pretty smooth on this. he was ready. >> all right. thank you. al gore has an explanation for what...
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you do caught in have all the details on closing the deductions, how, exactly, that accelerates the economy to a point without making it up on the back end. >>trace: the president, again and again, michael, he said the governor plans to raise taxes or lower taxes by $5 trillion and a couple trillion on top of that and this is how governor romney responded, and i want your reaction. >> you and your running mate say that and i know it is popular to say with a lost people but it is not the case. i have five boys. i'm used to people saying something that is not always true but keep on repeating it and hoping i will believe it. that is not the case. >>trace: when you get the $5 trillion number it was extrapolated from one year and this is also blown out of proportion. >>guest: the $5 trillion is from what we know of the plan, and it is a third-party estimate of the ten-year effect, so you have tremendous number of assumptions, the size of the economy and that is where the number comes from. it sounds more enormous than it is but this is debate if another time. what it says, you have to have cert
you do caught in have all the details on closing the deductions, how, exactly, that accelerates the economy to a point without making it up on the back end. >>trace: the president, again and again, michael, he said the governor plans to raise taxes or lower taxes by $5 trillion and a couple trillion on top of that and this is how governor romney responded, and i want your reaction. >> you and your running mate say that and i know it is popular to say with a lost people but it is not...
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it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could be seen as an economic downgrade and not have a positive economic impact. they also said they prefer economic factors to calendar dates. sounds easy, right? no. because they can't agree on whether to use numerical targets and what they should be. they're discussing th ining the discussing these numeric targets. >>> that's a lot of information to process. we're going to do what we are calling the fed minutes in a minute. you have 60 seconds to break it down, pull out the nuggets that we need to know about and that are going to move the markets. your time
it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could...
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are they really talking about the economy it's not the economy stupid as they once said it's war and that's all they're talking about and that's an interesting point in terms of the economy what we've heard this conversation turned into is taxes the candidates focused on their tax policies but none no amount of taxing is going to get the country out of its fiscal problems in terms of the debt that it faces i'm curious what you think we'll see in the next four years in terms of the consequences of what you essentially call it papering over what should have been a collapse after the panic of zero eight with fed policy and with stimulus and bailouts. well you're seeing it already with bernanke eased record low interest rates and saying that they're not going to go up they are doing is they are flooding the economy with what cheap money and devaluing the dollar you know that i guess walking about gold sack how along now and what's gold you know it's it's seventeen seventy seven as we speak and here's our forecast by the way if gold closes out this week it over seventeen hundred and eight
are they really talking about the economy it's not the economy stupid as they once said it's war and that's all they're talking about and that's an interesting point in terms of the economy what we've heard this conversation turned into is taxes the candidates focused on their tax policies but none no amount of taxing is going to get the country out of its fiscal problems in terms of the debt that it faces i'm curious what you think we'll see in the next four years in terms of the consequences...
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growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get similar returns still from the high-yield area. high yield acts like equities. you're not really changing your risk profile there but i'm also really interested in the emerging market areas. >> but not china. >> not china itself. that's true. it depends on some of the monetary policy, changes they may now make. but at this point, no, i agree. >> we have to leave it there. you called the market right. you said 15%. that's where we are. thanks for being with us. >>> let's go to seema for a market flash. >> we got a lot of ipos this week.
growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get...
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find out what's really happening to the global economy max conjure there are no holds barred global financial headlines kaiser report. overcoming a barrier like this seems possible. but you crave something higher. and when you reach the peak. you'll do whatever it takes to get on the top of the world. download the official. language stream quality and enjoy your favorite. t.v. is not required to watch arts here. any time. on. the program. more think. this is what some joint projects give an impression of. distrust decades long standoff are not easy to read is it possible somehow. to become good at discussing where the direct. information. although russia and nato say they are partners their interests. the alliances expansion into the. american missile systems in europe are very painful to moscow but despite being a sometimes both sides knowledge. there for russia has made an unprecedented. in the city. supplies to afghanistan. welcome to the show. thank you thank you very much to have you here start talking about of gallus that many fear that a civil conflict may break in afghanistan after th
find out what's really happening to the global economy max conjure there are no holds barred global financial headlines kaiser report. overcoming a barrier like this seems possible. but you crave something higher. and when you reach the peak. you'll do whatever it takes to get on the top of the world. download the official. language stream quality and enjoy your favorite. t.v. is not required to watch arts here. any time. on. the program. more think. this is what some joint projects give an...
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they'll drive the economy the wrong way. and when it came to closing loopholes, the only loophole he was willing to talk about, i wish he had talked about closing the kerry loophole. that would have been an interesting one. that's a big inexcusable one. but instead he said he'd get rid of big bird. as we all know, that's not going to do it. he's just not honest on either the tax side or the revenue side. but, look. i used to work at boston consulting group, too. mitt is a great presenter, and he made a good presentation last night. >> and i assume you have thoughts on -- and i don't want to get too much into the style because that is all anyone's talking about today. but you must have some explanation for why the president appeared the way he did and why he chose to leave out some bullet points that he could have pulled out of his pocket. >> sure, look. i think the president focused on the facts and focused on his accomplishments and his plans for the future. and he was very factual in what he did. and as many people have sa
they'll drive the economy the wrong way. and when it came to closing loopholes, the only loophole he was willing to talk about, i wish he had talked about closing the kerry loophole. that would have been an interesting one. that's a big inexcusable one. but instead he said he'd get rid of big bird. as we all know, that's not going to do it. he's just not honest on either the tax side or the revenue side. but, look. i used to work at boston consulting group, too. mitt is a great presenter, and...
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and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse. the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slow leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will have very much effect and so i don't think at the moment they're doing anything very much to help because there's an awful lot of talk about prioritizing the economy and it's the main thing that we have to work on but on at the same time you say that not very much is being done at all one thing is that they're blaming everyone but themselves first of all it.
and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse. the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slow leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will...
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economy. my plan has 5 basic parts. one get us north america energy independent, that creates about 4 million jobs. number two open up more trade particularly in latin america, crackdown on china if and when they cheat, number three make sure our people have the skills they need to succeed, and the best schools in the world (we're far away from that now), number four get us to a balanced budget, number 5 champion small business. gov romney's central economic plan calls for a 5 billion dollar tax cut, on top of the extension of the bush tax cuts-- that's another trillion dollars and 2 trillion dollars in military spending that the military hasn;t asked for. that's 8 trillion dollars. how we pay for that, reduce the deficit, make the investments we need to make without dumping those costs on the middle class americans is one of the central questions of this campaign. president barack obama and former governor mitt romney adapted to the new format of debate, six segments of 15 minutes each. the next presidential debate is
economy. my plan has 5 basic parts. one get us north america energy independent, that creates about 4 million jobs. number two open up more trade particularly in latin america, crackdown on china if and when they cheat, number three make sure our people have the skills they need to succeed, and the best schools in the world (we're far away from that now), number four get us to a balanced budget, number 5 champion small business. gov romney's central economic plan calls for a 5 billion dollar...
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the greenback thoughts in the news into the euro and in fact the latest stimulus measures five major economies that little to support the russian currency and we spoke about this to such a bank's alex and he said watch should be done to support and show growth in the ruble. with the same a lot of the world would confuse and we don't so it would be confusing to really see the logic above and since it's a good one it's really you know force wave will be moved to the markets with the smooth no. she spoke with right the progress of the you know the ruble very much looks a bit of what it was the problem from the get the cone you want to see the top two for you some sort of zero balance in the euro push. to. and same with also one of the largest steel makers in the country has announced it will buy any direct controlling interest in the us spots which is a russian producer of coking coal and also its subsidiaries the deal could make given as the largest producer of coking coal in the country and the company is currently valued at around five point three billion dollars. also russia's engineering con
the greenback thoughts in the news into the euro and in fact the latest stimulus measures five major economies that little to support the russian currency and we spoke about this to such a bank's alex and he said watch should be done to support and show growth in the ruble. with the same a lot of the world would confuse and we don't so it would be confusing to really see the logic above and since it's a good one it's really you know force wave will be moved to the markets with the smooth no....
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. >> jobs, health care and the economy taking center stage in denver. it is thursday, october 4th. >> announcer: from abc news, this is "world news now." >>> good thursday morning, everybody. i'm rob nelson. >> give us a second. >> yeah. the large pizza. >> okay. i am paula faris. we'll go live to denver in a moment to see how analysts and voters are scoring the debate. >>> also ahead, back in business, american airlines says its fleet of 757s is good to go after being checked for the loose seat problem that caused trouble on three flights. >> good to know. also progress on the dispute with the labor union as well. hopefully progress there. >>> also later in this half hour, a bumper crop on chicago's south side. two football field's worth of marijuana worth millions of bucks, growing right there in the city. but now, it's police who will be harvesting the plants. two football fields of weed. >> the police are harvesting the? >> yeah. >> very interesting. >>> and then inside celebrity lawsuit. a steamy tv doctor tells his real life rock star neighbor, i'
. >> jobs, health care and the economy taking center stage in denver. it is thursday, october 4th. >> announcer: from abc news, this is "world news now." >>> good thursday morning, everybody. i'm rob nelson. >> give us a second. >> yeah. the large pizza. >> okay. i am paula faris. we'll go live to denver in a moment to see how analysts and voters are scoring the debate. >>> also ahead, back in business, american airlines says its fleet...
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take a listen to bill clinton. >> the economy is not fixed. i'm telling you nobody could have fixed this much damage in four years. but the president's economic plan is better in the short run, better in the long run and a vision of we're all in this together is a heck of a lot better than you're on your own. there is no you're on your own country in the world succeeding like those who have a good we're all in this together strategy. [cheers and applause] none, not one. the challenge for the president tonight though is back in early 2009 he said if he didn't turn around the economy for n. three years it would be a one-term proposition. that's the problem when you are incouple again you have got a record that's going to it be under microscope not just from the moderator but mitt romney as well, shep. >> shepard: it seems he has a strategy of his own for going after mitt romney. >> when you talk about the president's advisors he says this is all policy. the president could be on the defensive talking about jobs, talking about debt. what they are
take a listen to bill clinton. >> the economy is not fixed. i'm telling you nobody could have fixed this much damage in four years. but the president's economic plan is better in the short run, better in the long run and a vision of we're all in this together is a heck of a lot better than you're on your own. there is no you're on your own country in the world succeeding like those who have a good we're all in this together strategy. [cheers and applause] none, not one. the challenge for...
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i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
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a big part of his record handling the economy is here. now denver will decide if he gets another four years. he leaned on bill clinton to make the case this is no way he could have turned this around in four years. >> the economy is not fixed. i am telling you, nobody could have fixed this much damage in four years. the president's mock plan is better in the short run, the long run and a vision where all of us in this together is better than you be often your own. there is no on your own country in the world succeeding like those who have a good "we are all in this together" strategy. >>reporter: the order of questions is decided. the president gets the first. the problem with the argument that former president clinton made in 2009 president obama said if he didn't turn this around in 3 or 3 1/2 years it would be a one-term proposition. something governor romney will point out. >> the governor aides say -- the obama camp will focus on the economy, taxes and the deficit and will hit romney hard on the idea that bill clinton has been making
a big part of his record handling the economy is here. now denver will decide if he gets another four years. he leaned on bill clinton to make the case this is no way he could have turned this around in four years. >> the economy is not fixed. i am telling you, nobody could have fixed this much damage in four years. the president's mock plan is better in the short run, the long run and a vision where all of us in this together is better than you be often your own. there is no on your own...
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and what i can tell you is our experience is we have strangled our economy. so our debt is going up, when your economy shrinks by definition your debt to gdp ratio, your debt to national income ratio goes up instead of down. >> when we come to the euro zone before i leave it, it will survive intact? >> i think it will, yes. the bad news is, it is going to muddle along, not come soaring forward. >> and to cam forward, soaring forward it has to do what? >> it has to two do two things it has to mutualize debt so the confidence we have talked about earlier. >> mutualized debt means everybody -- >> there is joint and several liability for debt in the currency zone and the truth is, greece is two percent of the euro zone economy. >> right. >> and it should never have been allowed to become a threat to the global economy, and it has become a threat to the global economy, because it is not clear the other countries of the euro -- >> paying back part of greek's debt. >> yes the short answer there is no escape from sharing the burden -- >> you are a politician in germa
and what i can tell you is our experience is we have strangled our economy. so our debt is going up, when your economy shrinks by definition your debt to gdp ratio, your debt to national income ratio goes up instead of down. >> when we come to the euro zone before i leave it, it will survive intact? >> i think it will, yes. the bad news is, it is going to muddle along, not come soaring forward. >> and to cam forward, soaring forward it has to do what? >> it has to two do...
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it also has to do with their perception that the economy's going to grow as long as the economy stagnate and it's just flat it's not worth the risk of borrowing more money even at low interest rates to expand your business because you don't see the future sales. interesting point let's bring back entrepreneurial investor reggie middleton author of the popular boom bust blog too i should say so reggie at first of all great job out there today you listen and some great responses from people who had some great conversations so what did you think of that gentlemen's analysis is that does he see it the same way you do as far as the impact of low rates and. yeah basically i agree with them if they work on first the chicken and egg scenario but if you are a prudent business manager you don't take on debt without a business case for and that if you do then you are manager and you will soon be out of business but what the government what the so what the fed and the government actually put the fed is trying to do is if it is trying to take businesses who rely on. or free money more risk free money
it also has to do with their perception that the economy's going to grow as long as the economy stagnate and it's just flat it's not worth the risk of borrowing more money even at low interest rates to expand your business because you don't see the future sales. interesting point let's bring back entrepreneurial investor reggie middleton author of the popular boom bust blog too i should say so reggie at first of all great job out there today you listen and some great responses from people who...
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yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when it comes to golden tree. 16 billion-plus in assets. talk about high-yield credit overall. high yield continues to have funds moving in to it. are we towards the end of this bull run? >> we certainly are in the end of the bull run of low default rates. i believe -- i'm not t
yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and...
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what's happening is the economy is delevering, which is leading to slow growth. i think one of the key macro considerations -- we tend to think of macro in risk management terms, we're an equity long/short fund, stock pickers -- but the reality of is this environment is that you have to have a view and you have to manage risk and so one of the key considerations is when does velocity pick up, how does it pick up, what does that mean in terms of equity prices, what does it mean in terms of inflation. >> what do you think. >> what does it mean in terms of bond prices? >> we've just looked at that chart. it should pick up. there's good inflation and bad, in a way. >> that's right. and good inflation, ie increases in home prices, increases in wages, those would be positive things. positive investments as long as they were at a pace that made sense. bad inflation like oil prices, commodity prices, that would be a tough thing for the market. >> does this worry you? >> well, it worries me in the sense that -- i mean i think about this as all this liquidity that's if the
what's happening is the economy is delevering, which is leading to slow growth. i think one of the key macro considerations -- we tend to think of macro in risk management terms, we're an equity long/short fund, stock pickers -- but the reality of is this environment is that you have to have a view and you have to manage risk and so one of the key considerations is when does velocity pick up, how does it pick up, what does that mean in terms of equity prices, what does it mean in terms of...
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and i think it is going to require a really different approach to the economy. different set of incentives laws, different approach to education. we do manpower development over here and have education department here and the two aren't connected. we have to completely merge them. in an ideal world that is what the election would be about. romney's view produce more startups versus obama's. it's not. but sooner or later that's where we will have to go to. >> let's go to the last group of questions because it is salient to that. talk about new actors and the rise of china. you might also carize it as the emergence of new competitors, new rivals both in terms of economics and power. tom wrote in his last book, china is getting the most out of its authoritarianism by contrast we americans are getting only 50% of the potential benefits from our first rate democratic system. john wrote, it may be possible for china to overtake the united states alone but it is much less likely that china will ever manage to overtake the western order. i'd like to go to you, john, on
and i think it is going to require a really different approach to the economy. different set of incentives laws, different approach to education. we do manpower development over here and have education department here and the two aren't connected. we have to completely merge them. in an ideal world that is what the election would be about. romney's view produce more startups versus obama's. it's not. but sooner or later that's where we will have to go to. >> let's go to the last group of...
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how should be addressed the economy? >> one of the mistakes the romney campaign made in trying to blame the president for the economy when you look at the reality most americans believe george bush shares more responsibility because the president inherited a mess. if that is the perception of voters try to shake that perception when it is not working it is a problem. with respect to the president he has an advantage. doesn't get all the blame. it was a terrible fiscal crisis and terrible unemployment crisis. dennis: what is your bike to obama? >> the president needs to paint the picture and be clear about where we have been and where we are and where we are going. make it clear the future is brighter. dennis: i am sick of the president blaming the other guy for problems he helped create. what do you say? >> my furnace sauce going into this is romney has to state you have been the president for the last four years, not george w. bush. we came out of some real problems in 2008 but the economy was getting better. the admini
how should be addressed the economy? >> one of the mistakes the romney campaign made in trying to blame the president for the economy when you look at the reality most americans believe george bush shares more responsibility because the president inherited a mess. if that is the perception of voters try to shake that perception when it is not working it is a problem. with respect to the president he has an advantage. doesn't get all the blame. it was a terrible fiscal crisis and terrible...
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experts say the economy is forcing couples to think twice about having kids. there's encouraging news. beer sales are up for the first time in four years. that means americans, particularly young men, may be starting to feel better about their finances. if there is a bridge to be made between the last two stories, we'll be digging into that in the days ahead. i'm sure. >>> scottie was -- he's going yeah, yeah. >> what do you think, scottie? >> i'm doing my part. >> we thank you for your service. >> the economy's off to a robust recovery. >>> how about "pop news"? >> i don't know where to go with that. scottie, just stay right over there. "pop news" countdown clock. lara spencer returns tomorrow. stop sending complaints about me. move over suri. there's a new pint-sized fashion. emme anthony, just at 4 years old, she's snagging front-row seats at fashion week. emme and her mom caught the chanel show in paris on tuesday. soaking up the spotlight in that pink dress at her first fashion show. also making a big debut, it may be the craziest handbag ever thanks to k
experts say the economy is forcing couples to think twice about having kids. there's encouraging news. beer sales are up for the first time in four years. that means americans, particularly young men, may be starting to feel better about their finances. if there is a bridge to be made between the last two stories, we'll be digging into that in the days ahead. i'm sure. >>> scottie was -- he's going yeah, yeah. >> what do you think, scottie? >> i'm doing my part. >> we...
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Oct 3, 2012
10/12
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indonesia's economy is projected to expand more than 6% this year. indonesia domestic demand is booming as more workers join the ranks of the middle class. overseas businesses see huge potential in indonesia. more and more companies are choosing to invest in the country, but concerns are rising that labor discontent could interrupt the production and distribution of goods, denting economic growth. >>> the asean maritime forum has kicked off in the philippines. senior officers from the group's ten members as well as experts on maritime issues are attending the three-day meeting. the south china sea dispute wasn't on the official agenda for day one, but asean diplomatic sources say vietnam used the forum to call on the countries concerned to show restraint and cooperate to find a peaceful resolution. vietnam avoided mentioning the country by name, but its criticisms were clearly directed at china. >>> and we're going to wrap up our bulletin from bangkok. >>> a japanese film director returned from the prestigious japanese international film festival wit
indonesia's economy is projected to expand more than 6% this year. indonesia domestic demand is booming as more workers join the ranks of the middle class. overseas businesses see huge potential in indonesia. more and more companies are choosing to invest in the country, but concerns are rising that labor discontent could interrupt the production and distribution of goods, denting economic growth. >>> the asean maritime forum has kicked off in the philippines. senior officers from the...
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Oct 3, 2012
10/12
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CNBC
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the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than expected. much better than our last look and it's the best number going back to march. march when you had a number of 56.0. we've pretty much taken away the down on equities and we've moved the basis point higher on tens to a middle of five-basis point closing range over the last week and that is at 163. melissa lee, back to you. >> thank you very much, rick santelli. slight pop in the equity market. steve? >> really interesting number here. rick said stronger than expected along with the ism manufacturing number. the business activity number, up to a
the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than...
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Oct 3, 2012
10/12
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KTVU
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economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground states. although nationally it's a very close election, he's been hammered in the battleground states. the debates can be a great equalizer for him, but also that increases the pressure on him, whereas i think we are going to see barack obama playing a lot more defense." that was bill allison of the sunlight foundation. at long last, a wall street firm is being sued for fraud in connection with the housing crash. the suit was filed monday by the new york attorney general. the lawsuit holds jp morgan chase responsib
economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground...
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Oct 3, 2012
10/12
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WJLA
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the candidates will focus on the economy, health care, and governing. newschannel 8 will have more up in a live report in a few minutes. let's get a look at the morning commute. we are dealing with a difficult early morning drive. there is a lot of emergency that accident in silver spring. there is accident cleanup on ramp to i-95 through college park. to route 50o back , all lanes are open. it is foggy and warm. the visibility is about four miles. give way towill of sun, 82-86 degrees. it will be warm and dry for the before the week temperatures plummet at the end of the weekend. tempera[ female announcer ] end who will raise taxes on the middle class? barack obama and the liberals already have. to pay for government-run healthcare, you'll pay higher taxes and more for your medicine. and their plan includes a trillion dollars in higher taxes. even on the middle class. mitt roromney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more year
the candidates will focus on the economy, health care, and governing. newschannel 8 will have more up in a live report in a few minutes. let's get a look at the morning commute. we are dealing with a difficult early morning drive. there is a lot of emergency that accident in silver spring. there is accident cleanup on ramp to i-95 through college park. to route 50o back , all lanes are open. it is foggy and warm. the visibility is about four miles. give way towill of sun, 82-86 degrees. it will...
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Oct 3, 2012
10/12
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KNTV
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the feds attempt to jump start the economy by any means necessary. think about how the people might have sold in october last year. why doesn't this calendar style of investing interest me to make money? simple. every year there is a way to make money. let me give you examples of why this is a lazy force that is nothing but a lovy blanket. first, when these numbers or patterns were created, the u.s. was in control of its own destiny. our financial system is connected with theirs. do you think any of the historical data takes on that shift that we have to deal with? no, do you think i would be ringing a gong five years ago? i think this is kind of a recent event you know. gong show. i cannot recall another time when the federal reserve is taking the step to lower the -- if the economy gets better. that means you have to lower stocks. history shows it has to be one. of course it didn't pay to sell those stocks in september. september is the worst month for investing. third, there is apple. we've never had a $600 billion stock before. we've never had a
the feds attempt to jump start the economy by any means necessary. think about how the people might have sold in october last year. why doesn't this calendar style of investing interest me to make money? simple. every year there is a way to make money. let me give you examples of why this is a lazy force that is nothing but a lovy blanket. first, when these numbers or patterns were created, the u.s. was in control of its own destiny. our financial system is connected with theirs. do you think...
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Oct 3, 2012
10/12
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CNBC
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even if the economy gets stronger and you expect the feds to start tightening. that is why tonight we are checking up on a group of stocks that are renowned for beautiful yields. the real estate investment trusts. why? consider the ishares dow jones real estate etf. you can't decide on a single reit so you buy the whole cohort instead. it is up 12.9%. but in the last few weeks, we have been worried because this has been body slammed. we want to know if this is a garden variety pull back or the start of something worse. tonight we are going off the charts to figure out if the real estate investment stakes are done. he is a brilliant technician and perhaps the most reliable guy i have been dealing with on charts. take a look at the iyr daily chart. you can see that over the last few weeks this thing has been put through the proverbial meat grinder. is this a pull back off the recent time or are there signs of something more sinister? there is a developing head and shoulders pattern here. there you go. that is one of the most dreaded topping formations out there. n
even if the economy gets stronger and you expect the feds to start tightening. that is why tonight we are checking up on a group of stocks that are renowned for beautiful yields. the real estate investment trusts. why? consider the ishares dow jones real estate etf. you can't decide on a single reit so you buy the whole cohort instead. it is up 12.9%. but in the last few weeks, we have been worried because this has been body slammed. we want to know if this is a garden variety pull back or the...